{"id":29652,"date":"2012-07-30T23:56:54","date_gmt":"2012-07-30T23:56:54","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29652"},"modified":"2012-07-30T23:56:55","modified_gmt":"2012-07-30T23:56:55","slug":"chicago-bridge-iron-to-acquire-shaw-group","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/07\/30\/chicago-bridge-iron-to-acquire-shaw-group\/","title":{"rendered":"Chicago Bridge &#038; Iron to Acquire Shaw Group"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v2f1b6076eda51e07e72b02e4b5dfdef303e93ed6&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v2f1b6076eda51e07e72b02e4b5dfdef303e93ed6&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Chicago Bridge &#038; Iron Co. (NYSE: CBI) has come to an agreement with the Shaw Group Inc. to acquire it for $3.04 billion in cash and stock. This move comes as Chicago Bridge &#038; Iron wishes to expand its portfolio across the entire energy industry by adding Shaw&#8217;s expertise in power generation. Shaw Group stock holders will receive $46 a share, which is a 72% premium over Friday&#8217;s closing price. The deal will be financed by cash on hand at both companies in addition to a debt of approximately $1.9 billion.The deal is expected to be completed by the beginning of 2013. Chicago Bridge &#038; Iron will operate its new acquisition under the name CB&#038;I Shaw. For more on this story and analysis of the business world follow us on twitter @FNNOnline.<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/07\/30\/1_seibsxbq_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/07\/30\/1_seibsxbq_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chicago Bridge &#038; Iron Co. (NYSE: CBI) has come to an agreement with the Shaw Group Inc. to acquire it for $3.04 billion in cash and stock. This move comes as Chicago Bridge &#038; Iron wishes to expand its portfolio across the entire energy industry by adding Shaw&#8217;s expertise in power generation. Shaw Group stock &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/07\/30\/chicago-bridge-iron-to-acquire-shaw-group\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Chicago Bridge &#038; Iron to Acquire Shaw Group&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29652","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29652"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29652\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}